Interesting
Mercantilist Policies:
Encouraging Exports: Governments would subsidize industries to produce goods for export, and they would also seek to find new markets for their goods.
Discouraging Imports: Governments would impose tariffs (taxes on imported goods) to make foreign goods more expensive and protect domestic industries.
Establ…
Establishing Colonies: Colonies were seen as a source of raw materials and a market for manufactured goods, further contributing to the nation's wea
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Interesting
Mercantilist Policies:
Encouraging Exports: Governments would subsidize industries to produce goods for export, and they would also seek to find new markets for their goods.
Discouraging Imports: Governments would impose tariffs (taxes on imported goods) to make foreign goods more expensive and protect domestic industries.
Establishing Colonies: Colonies were seen as a source of raw materials and a market for manufactured goods, further contributing to the nation's wea